CitiFX TradeStream has announced a new partnership with software provider Deltix, collectively pioneering a comprehensive Forex algo-trading solution for clients that will streamline research and trading execution strategies, according to a CitiFX statement.
Deltix’s presently boasts a diverse product suite, specifically designed for market data streaming, trading execution capabilities and all phases of the alpha discovery process from end-to-end. Conversely, CitiFX TradeStream forms an integral part of the joint solution by consolidating Forex liquidity from multiple providers, notably Citi itself. CitiFX has brokered numerous dealings as of late, establishing itself as a versatile liquidity provider.
Joint Solution Caters to Traders’ Demand Driven Automated Strategies
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According to Alex Knight, Head of CitiFX Margin Trading in a statement on the partnership, “In our experience many traders of systematic strategies find that the process of back-testing their models against real data, and then implementing these models into a live trading environment is a lengthy and potentially expensive process. CitiFX TradeStream provides traders with access to a reliable, tight and low cost aggregated FX feed with the benefit of having Citi as the trade counterparty via a CitiFX Margin Trading Account. We are very pleased to be setting up this new joint solution with Deltix in response to the demand that we have identified from traders looking to deploy automated strategies.”
The joint solution between CitiFX and Deltix ultimately targets Forex buy-side firms trading on margin. Furthermore, with liquidity provisions effectively satisfied, users are also buoyed by supportive mechanisms via Deltix, which can run a variety of strategies with data feeds in one unified process.
Indeed, “More firms are trading FX on an automated basis. Successful managers not only have good processes for researching and testing new trading strategies, but also top quality data feeds, software, infrastructure and support so that these strategies achieve their full potential,” added Ilya Gorelik, CEO and Founder of Deltix.